We’re redefining success in African cross-border settlement, says Oneremit
Success in payments is usually measured by volume, speed or cost. Oneremit applies a stricter internal standard. If a client still has to chase a transaction, the transfer has not truly succeeded.
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Co-founder Olusola Ayodeji Kolawole stated the position directly.
Source: Original
“We’re not in the business of moving money. We’re in the business of taking a problem off someone’s desk. If a founder in Lagos has spent their week chasing a payment, we’ve failed, no matter how good the transfer was.”
That principle informs both product design and service delivery. Oneremit provides cross-border payment services to African importers, exporters and firms in sectors such as agro, pharmaceuticals, automobiles, freight and shipping. It also works with agencies and finance teams managing regular international flows. Since 2024, the company has processed more than $200 million in outgoing transactions, grown to support over 1,000 businesses and expanded into corridors linking Africa with Europe, the UK, North America and Asia.
It holds regulatory licences in Canada, the United States and Nigeria, with further approvals in progress. Operating across jurisdictions requires strong compliance infrastructure; the company treats that requirement as foundational. On the client side, it pairs every business with a dedicated support contact rather than relying on automated ticketing. Pricing is transparent, with no hidden fees, instant transfers where possible and no transfer caps.
The problems it targets remain widespread. A 1.5 percent hidden FX spread on a $20,000 payment can exceed ₦400,000. Settlement through traditional chains often takes days. Support is frequently impersonal and slow. Compliance rules vary and are poorly communicated. Global payment systems were not built around African trade patterns.
Oneremit’s partnerships are designed to close those gaps. OwlPay supplies regulated stablecoin settlement rails that have processed over $15 million in volume. Terrapay extends corridor access. Blockradar powers the stablecoin infrastructure that supports newer settlement pathways. Combined with banking relationships in licensed markets, these partnerships enable the company to handle complexity on behalf of the client.
Growth has been driven largely by word of mouth. In August 2026 the company brought together 40 senior finance leaders at a private executive roundtable, reflecting its expanding role in conversations about settlement challenges. Over the next six months it plans to secure additional licences, deepen infrastructure partnerships and reach new customer categories including service businesses and mid-market exporters.
In the end, Oneremit’s measure of performance is practical. A successful payment is one that does not follow the founder home, into the weekend, or across multiple days of unresolved follow-up. If the problem remains on the desk, the work is incomplete.
Source: Legit.ng
